iHs potential play fo RVN to RES line long on breakout, tp on way
iHs breakout play to R1 pivot 0.382 tp on way at pp, and 0.236
Bullish Shark Harmonic pattern on PENN. Currently appears to be backtesting a critical support line near $73.36, also finding support at the 50D SMA. Line also happens to be the neckline of an Inverse Head and Shoulders pattern which had previously broken out. Potential Triple Hidden Bullish Divergence in development on the MACD.
Despite the formation appearing to be an inverted head and shoulders complex, I remain a little bearish on the short term with the prices struggling to get above 3930 consistently (let alone 3950+) and with the volume being so middling. Look for well above avg volume on breakout upon potential pattern completion. Keep in mind almost in uncharted waters so here...
We have what looks to be a nicely laid out inverse HS pattern and I expect to see more upward action than sideways, thus my left shoulder is slightly skewed towards such bias. Remember BTC is the leader! This is not financial advice.
POTENTIAL IHS. LETS SEE HOW IT PLAYS STRONG RESISTANCES ABOVE.
BTC is now forming kinda inverse Head and Shoulder pattern on the 8H and 2H charts. If played out successfully we can see $45k mark probably after the weekend ends. On other help hand $35k is acting as a support for now. If Bitcoin breaks it, then it'll be retesting the $30k-32k level shortly afterwards.
Here we have a huge IH&S on QSP/BTC. I have had a phenomenal success rate with this pattern. Currently at the range low, fantastic buy for a mid/long-term swing trade. Project looks to be good with some solid backings from reputable companies.
No financial Advice, just my 5 Cent :)
SNGLS BTC pair has broken out of it's long term IHS accumulation range spanning ~1007days before break out. Measured move takes us to ~499sats ~556% profit potential. The possibility of a retest is not out of the question at this stage imo.
REP BTC pair is forming to break out of this long term Inverse Head and Shoulder accumulation pattern (IHS) ~1060days to date. Looking for a measured move impulse target to ~5648sats (~572%)
RLC BTC pair is painting a large Inverse Head and Shoulders accumulation pattern spanning ~1060days to date. Expected break out and measured move of ~790% @ ~45615sats
QSP BTC pair appears to be painting an Inverse Head and Shoulders pattern on the HTF. ~970days to date looking for a breakout measured move of ~527% @ 1124sats.
IOST BTC pair forming daily inverse head and shoulders off the Ichimoku Kumo cloud and 2 big buy signals before. I'd expect it to complete the IHS, break out and push to the measured move of ~77%@66sats
TRX is a massive inverse head and shoulders structures that is ~1000days at the moment, measured move is ~678% move.
RDN looks ready to break out of this BARR bottom setup into a bigger inverse head and shoulders pattern on the weekly, then into an even bigger IHS on the daily. Nice bullish patterns! Both IHS targets and both BARR targets are marked on the chart. Potential return: ~1200%